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2 . The startup AndersonVenture had an A - round in which it sold 1 0 million shares of convertible preferred stock at $ 1
The startup AndersonVenture had an Around in which it sold million shares of convertible preferred stock at $ per share. Prior to the Series A financing, Management owned million shares of common stock and the Conversion Price of preferred stock to common stock was : AndersonVenture needs to raise an additional $ million in a series B round and learns that new investors insist on a premoney valuation of $ million. Please create a fully diluted capitalization table after the Series B investment, under three scenarios:
a There is no dilution protection for prior investors.
b There is full ratchet protection.
c There is weighted average dilution protection.
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